SBP governor says ‘import LCs being opened at interbank rate’

KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday said that the import letter of credit (LCs) for fuel, medicine and agriculture sectors are being opened at the interbank rate, ARY News reported. The SBP governor said in a presser that the import ban on non-essential items was imposed to reduce the current account deficit. He added that the matter related to … Continue reading SBP governor says ‘import LCs being opened at interbank rate’